Trump Tariffs Canada/Mexico/China

The tariffs announced Saturday could be the beginning of a policy war, with tariff rates at risk of ratcheting even higher. In announcing the tariffs Saturday the White House added there was a "retaliation clause" added to the measures.

"So that if any country chooses to retaliate in any way, the signal will be to take further action with respect to likely increased tariffs," the White House said.

---------------------------

So the fat orange pig thinks that he can apply Tariff's, but other countries are not allowed to reciprocate.

Canada and Mexico issue counter-tariffs of 25% to match Trump tariffs.

Around 75-80% of all exports from Canada and Mexico go to the USA - so the Trump tariffs are going to impact them more than other countries.

GDP % created from exports to the United States for Canada and Mexico

Around 30% of all US imports are from Canada and Mexico.
So in theory, consumer prices should increase by 25% on about a third of imports

Less than 1% of illegal immigrants & fentanyl enter the US from Canada.
So this is a pretext motive. Trump is trying to sabotage their economies - perhaps so that they could become part of the US.

It is expected that Trump will introduce EU tariffs as well in 2 months. 

The implementation of 25% tariffs by the Trump administration on imports from Canada and Mexico, coupled with their retaliatory counter-tariffs, is expected to have significant economic impacts on all three countries. Based on the provided information and economic principles, we can estimate the potential GDP impacts as follows:

Impact on Canada and Mexico

Canada and Mexico are likely to experience more severe economic consequences due to their high dependence on exports to the United States:

1. Canada:

• With 75% of exports going to the US and exports to the US accounting for 22% of GDP, the potential GDP impact could be substantial13.

• Estimated GDP impact: -3.5% to -5.5%

2. Mexico:

• With 80% of exports going to the US and exports to the US accounting for 35% of GDP, Mexico faces an even larger potential impact13.

• Estimated GDP impact: -5% to -7%

These estimates are based on the assumption that the tariffs will significantly reduce trade volumes and that alternative markets cannot be found quickly to offset the losses.

Impact on the United States

The impact on the US economy is expected to be less severe but still significant:

• With 30% of US imports coming from Canada and Mexico, consumer prices could increase by up to 25% on about a third of imports5.

• This could lead to inflation and reduced consumer spending.

• Estimated GDP impact: -1% to -2%

The lower impact on the US is due to its larger, more diversified economy and lower reliance on exports to Canada and Mexico.

Additional Considerations

1. Regional impacts: Certain US states and industries heavily reliant on trade with Canada and Mexico may experience more severe economic downturns3.

2. Supply chain disruptions: The interconnected nature of North American supply chains, especially in industries like automotive manufacturing, could amplify the negative effects2.

3. Potential EU tariffs: If Trump introduces tariffs on EU imports as well, the cumulative effect on the US economy could be more severe, potentially pushing the GDP impact closer to -2.5% to -3%.

4. Long-term effects: Prolonged tariffs could lead to structural changes in all three economies, potentially altering trade patterns and economic relationships permanently.

These estimations are rough approximations based on the provided data and general economic principles. The actual impact could vary depending on factors such as the duration of the tariffs, the specific industries affected, and the global economic context at the time of implementation.

Perhaps the whole world should proactively declare 25% tariffs on any American product or service. That would price America out of the market for many of their products. Taxing digital is an issue, but plans could be made.

Once the Big Tech Bro Oligarchs' bank accounts become smaller, Trump is sure to drop this nonsense. Tesla can have an instant tariff of 100% for any imports

Well the UglyAmerican has declared lets be horrible to everyone, friends &/or wartime allies se moer. If it doesn't support making America great then go away.

He's truly lower than shark shit.

Missed the plt totall y  again.   DIM LOT - ckose the border and stop human trafficking and drug smuggling and no sanctions, 

Help me out as someone who is not too clued up with these things. What is Trump trying to achieve? Does he want to stimulate industry within America by making foreign trade more expensive?

Leaving China aside, Mr. Trump’s justification for this economic assault on the neighbors makes no sense. White House press secretary Karoline Leavitt says they’ve “enabled illegal drugs to pour into America.” But drugs have flowed into the U.S. for decades, and will continue to do so as long as Americans keep using them. Neither country can stop it.

Interesting to hear that Trump is now targeting South Africa regarding Cyril signing in the land repatriation / compensation law...

I wonder which direction this is going to go considering the billions of aid that we have previously received from the USA.

Are you getting cheap oil from your Russian tjommies ?

Trump is now targeting South Africa regarding Cyril signing in the land repatriation / compensation law...

He surely said wtf, to Musk .

I am sure a lot of ANC cadres are directly benefiting from US aid programs...skimming the cream from the top, with only scraps going where it was intended for...this country is being plundered on an unprecedented level...disgusting...

I agree Db, there is no doubt in my mind.

Let's see what Cyril's response will be

Anyone who wants to complain about Trump cutting aid to SA while ignoring our own government's role needs their heads read. Start by fixing the R300-R800 million SA loses through corruption every day, then maybe we won't need to bother with foreign aid. We act like we're a poor country. We're not. The money is just being stolen.

Sad, but true Pakie

At some point surely even the Donald must know America will not benefit from a trade war with most of the rest of the world.

As big an economy as America is, its not bigger than Mexico, Canada, Taiwan, the EU and the Bric's nations combined. 

"... the Donald must know America will not benefit from a trade war with most of the rest of the world."

It's not a trade war. His intention is to use tariffs to force other countries to honor their obligations or change some of their regulations which he deems unfair towards the USA...it's a bargaining tool...and it may backfire on him, or it might work...lets see...

Less than 1% of illegal immigrations and Fentanyl are from Canada, so this is a pretext motive (e.g. it is not the real reason for the Tariffs).

This appears to be a crazy plan by Trump to colonise Canada and Mexico, by first wrecking their economies.

Trump may be trying to increase manufacturing by getting more countries to base their operations within America, and then use AI to steal their intellectual property. 

America is not a serious trading partner if they can chop and change tariffs every week, and provide false pretext motives.

The whole world should put 25% tariffs on America and price America out of the market. The damage to the American economy would be far greater in loss of sales, than any gains from tariffs.

The poorer Americans can live with Big US companies getting less sales, they are more interested in more local jobs

Stav and Plum

There will be no trade wars and equally beneficient trade agreements will follow as was the case with the Panama issue.   A strong American leader and not shit like Biden and Harris benefits all countries in the world and  stability will follow in due course.   

No more wars and no more crookedness in Govenance will benefit all countries in the world in the end.    The payment of grants to the terrorist subsidiaries of the Demcatic Party - BLM nd Antifa - as been exposed by  DOGE and sent the DP into panic mode.  The ickback system associated with US Foreign aid will be stopped as well. 

The US Treasury is going to save over $1 trillion in that farce alone.    The only question outstanding question is how many politicians and bureaucrats will end up in jail as a result of bribery and corruption.   No retiribution - but plenty of criminals charged will follow. 

Trump is 100% correct about the SA situation as well.   Ramphosa is in deeps hit ebcause of th land expropriation without compensation issue and even mre so about reverse racism now ienforced by the ANC.   Other than the Western Cape the administration pof the otehr provinces is in death mode and chaotic,    So the enxt leader trying to get into negotiatiations wirh Rubio would be Ramaphosa - but that would have to wait until the upcoming Ukraine War negotiations have been finished and te war ending.. 

Any agreements with Canada will start only after Trudeau is gone in March 2025.   Trump with threaten Countries  with action and then reasonable  negotiations will follow and settlements benefitting  both parties will be reached,          

So do not panic - the world around you will not collapse as was the process in progress when Biden was President.   

Some backward stuff from DumbMike...

Some real stuff from me  - not propaganda BS coming from a China lover like you.   

It's not a trade war. His intention is to use tariffs to force other countries to honor their obligations or change some of their regulations which he deems unfair towards the USA...it's a bargaining tool...and it may backfire on him, or it might work...lets see...

It absolutely is 100% a trade war, Canada immediately put tariffs on certain US products in retaliation, Mexico will do so today. 

BB

Not only cheaper oil - but laso cheap wheat.  But I think for the time being  everything concerning SA is on ice as the War issues in Ukraine and the ME needs urgent attention - after the Panama issue was solved in record time.      

BS  S tav

Read what I said about the Panama and other issues.    Al isues raised by you will in the end be solved through negotiations - not BS media tirades not worth the paper they are written on.    

It is a trade war, or it is beginning to start a trade war, which could escalate to levels never seen before.

It's a dangerous game to play, but at the same time, I do fully understand why Trump is implementing this policy and these tariffs.

Putting tariffs in place or withdrawing support or funds, especially to countries like South Africa, that gets $440 million of it's Aid / HIV financial aid and assistance from the US, makes these countries reconsider their commitment to what will enable them to continue receiving that assistance..... R8.2 billion is a lot of money.

Even if it prevents our governemnt from letting dangerous individuals like Malema from screaming from the rooftops that they will take our land by force, or take the white man out.... it has served some purpose in the long run, but if anything, it has made our government sit up and realize that there will be possible severe implications or repercussions for anything the US see as inflamatory, predudice or outright racist.

There will be no trade wars and equally beneficient trade agreements will follow as was the case with the Panama issue.   A strong American leader and not shit like Biden and Harris benefits all countries in the world and  stability will follow in due course.   

Liberals are in denial of so many things. It's been millenia people have observed the relationship between demographics and war. It was mentioned many times by various people accross times: war are declared by older people and waged by younger people.

Now younger people are a declining resources due to demographics. Consequently, wars are going to suffer from a shortage of manpower.

In fact, the US are slowing down the process as they can not stand their relative loss in power and keep meddling around stirring wars to further their geopolitical goals.

The US disappearing would lead to a less warring world.

 it has served some purpose in the long run, but if anything, it has made our government sit up and realize that there will be possible severe implications or repercussions for anything the US see as inflamatory, predudice or outright racist.

Laughable. Trump is obsessed by the rise of China and is aware that it will be hard to curb. The main plan is to force a merging between all countries that are deemed white to try to balance the billion chinese.

The US are historically racist, have a long history of supporting the apartheid regime (much less the new government) and are the biggest land expropriator in human history.

Looking forward to seeing them acting in South Africa, it is going to be fun.

You can't ever make a simple post without the word Liberal.

You are a laugh a minute... nobody takes you seriously, your mixed up mumbled posts that have no meaning at all are ridiculous.

As always, liberals think they are almighty and that their perception should prevail over anything else.

Who cares about liberals' appreciation? Nobody who rely on the future to part and discriminate things.

Time ago, liberals on this board had a feud as they are used to about Trump turning to isolation, some calling for it and the others calling against it.

One person on this board stated that Trump was a liberal and therefore a globalist. And what happened? Trump revealed himself quickly as a globalist on steroids.

Another example: the war in Ukraine and the US involvement. Liberals on this board had a dispute about the policy of support. Liberals on this board claimed that Trump would stop the support to Ukraine, some calling for it, the others against it.

One person stated that one of the first things Trump would do once in the oval office would be to announce a continued support to Ukraine. Guess what happened; Trump did not even wait to be in the oval office to make the announcement he would keep supporting the Ukraine.

Who cares about liberals' appreciation? Liberals have lost touch with reality and can no longer face the events. They require to be bathed in tales, stories about the state of the world. One of their biggest requests to their media is to be lied to. 

Trump has a business sense when  he conduct negotiations with fireign leaders - so the traiffs are gone and the Trade war avoided as the result of a phone call between the Mexican President and Trump  the following was agreed on:-

Mexico has agreed to deploy 10,000 troops to the U.S.-Mexico border in exchange for a one-month delay on President Donald Trump's threatened tariffs, Mexican President Claudia Sheinbaum said Monday.

Sheinbaum made the announcement on social media Monday morning, roughly 12 hours before the tariffs were set to take effect. Trump and Sheinbaum spoke on Monday and agreed that Mexico will do more to combat drug trafficking into the U.S., and that the U.S. will step up efforts to block the flow of firearms into Mexico.

Sheinbaum also said officials with the U.S. and Mexico were beginning talks on wider trade and security issues.

Do liberals read what they post?

Lap...

This is simply an exercise in power.As I showed on another string the EU has been targeting US tech and closing a blind eye to Chinese tech. How stupid of the little men in suits in Brussels.

Mexico has already made strong overtures which has delayed tariff implementation.  Putting  Canada in a tough place. Contrary to the ignorant comments by our woke set….Trump is pretty shrewd.

Mexico caved...Canada will too...soon.

As will the idiots in South AfricA...art of the deal my arse....more like art of the spanking...and all the naughty boys are due...

If this was Japan or Germany or England or France or Italy when they had similar power to act, it wouldn’t be tariffs it would be occupation. No dominant power in history has exercised its military superiority with more restraint than the US. Now these would be imperialists are ‘shocked’ by the US insisting on a level economic playing field.

Hypocrisy.

If this was Japan or Germany or England or France or Italy when they had similar power to act, it wouldn’t be tariffs it would be occupation. No dominant power in history has exercised its military superiority with more restraint than the US. Now these would be imperialists are ‘shocked’ by the US insisting on a level economic playing field.

Hypocrisy.

LOL Moz descending into Beeno levels of hysterical gibberish. You can tell he's actually freaked out by the whole thing, hence the desperate need try to justify the insanity.

Stav

Nice to se you actually enjoyed yourself  but I have a question please.

"Moz descending into Beeno levels of hysterical gibberish. You can tell he's actually freaked out by the whole thing, hence the desperate need try to justify the insanity."

Who is actually insane and why are they insane?